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Feb 7, 2013
02/13
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pentagon warns of huge cuts. when you think about what's going on in washington, right now, and you think about the sequester that may or may not happen, and you think about your history in washington, do you think that we will have the sequester? >> andrew, i don't know. i think it's a very complicated situation. i think we had a great opportunity and i actually thought there was some reasonable chance it might happen, which was to have a grand bargain that could have addressed what is really unsustainable and deeply dangerous long-term fiscal situation and i think if we had done that, not only would be useful for the long run but i think could have generated confidence in the shorter run and promote jobs now. now instead of that we have a happen has 5rd process. a sequester we're facing. it's a terrible piece of legislation. it arbitrarily cuts defense and nondefense without thoughtfully doing so. instead of being phased in so we'd have more room for recovery, it hits abruptly. and it's far, far from clear that
pentagon warns of huge cuts. when you think about what's going on in washington, right now, and you think about the sequester that may or may not happen, and you think about your history in washington, do you think that we will have the sequester? >> andrew, i don't know. i think it's a very complicated situation. i think we had a great opportunity and i actually thought there was some reasonable chance it might happen, which was to have a grand bargain that could have addressed what is...
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Feb 25, 2013
02/13
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keeping in mind the defense industry for pentagon, coming from the pentagon and defense budget expected to be hard hit if the sequester gez through. back to you. >> i will pick it up from there. i'm glad you mentioned defense stocks. we will talk about that more in the show. rick santelli, how are treasuries reacting to the fun and games? >> same way as every market from the s&p to the euro currency to dollar index, we have seen a big reversal. we are now at a 187 yield having closed near that since the 24th of january. we close at 176 which means we are up 11 basis point on the year and maybe the most important issue is we can now somewhat get an idea of what the reasoning for higher rate has been. it's been so of the issues of funding in europe. we've isolated it. now if this is a reverend up um on the euro and i know i'm way too early jumping the gun on that. when it is hard to get something from the treasury market, today is a day of a bit of enlightenment. >> rick santelli, grazzi. see you again sometime here. >>> mark set struggling to find their groove right now. but while a nice
keeping in mind the defense industry for pentagon, coming from the pentagon and defense budget expected to be hard hit if the sequester gez through. back to you. >> i will pick it up from there. i'm glad you mentioned defense stocks. we will talk about that more in the show. rick santelli, how are treasuries reacting to the fun and games? >> same way as every market from the s&p to the euro currency to dollar index, we have seen a big reversal. we are now at a 187 yield having...
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Feb 18, 2013
02/13
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watch what happens and we lose a lot of pentagon jobs. a lot of people out of work. stop by and stores closed, supporting organizations and some contractors are out of work. who gets blamed, president or republicans in congress? >> in the end i think the president. we americans under this habit of thinking i think the presidents have too much -- deserve too much for a good economy and too much blame for a bad economy. what a president does is pretty important but not as important as sometimes other factors. chris: if we have a shutdown or second recession or something like it, double dip, who gets hurt? >> republicans believe your theory, michael, it's the president. the buck stops with him. fundamentally -- >> chris: he's the one scared of this sequester more than anybody it seems. >> but at the same time they also know this is a republican party with the 24% approval rating going against a president with the 50-something percent approval rating. when it's the battle of the bully pulpit versus people with a 24% approval rating, bully pulpit can be very effective. ch
watch what happens and we lose a lot of pentagon jobs. a lot of people out of work. stop by and stores closed, supporting organizations and some contractors are out of work. who gets blamed, president or republicans in congress? >> in the end i think the president. we americans under this habit of thinking i think the presidents have too much -- deserve too much for a good economy and too much blame for a bad economy. what a president does is pretty important but not as important as...
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Feb 7, 2013
02/13
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. >> the pentagon is cutting the usair craft carrier fleet in the persian gulf to demonstrate the effect looming defense cuts could have on the military. it will have to trim flying hours and lockheed's fighter jets. billions of dollars in automatic cuts known as the sequester are set to take effect march 1st if congress doesn't delay or cancel them. outgoing secretary of defense leon panetta called lawmakers irresponsible. >> it is difficult to believe, frankly, that congress would simply stand aside, stand aside, fail to make the decisions necessary to resolve this crisis and allow the defense, economy and quality of life of america to be irreparably damaged. >> thou, some health and senate republics have offered a plan to cut the federal workforce and use those savings too void the full 85 billion sequester. a similar plan failed to gain any traction last year. however, will this time be different? mark parkinson, former governor of kansas, ceo, and a real pleasure to have you with us. >> great to be here this morning. thank you. >> we would like you to start by looking at this seques
. >> the pentagon is cutting the usair craft carrier fleet in the persian gulf to demonstrate the effect looming defense cuts could have on the military. it will have to trim flying hours and lockheed's fighter jets. billions of dollars in automatic cuts known as the sequester are set to take effect march 1st if congress doesn't delay or cancel them. outgoing secretary of defense leon panetta called lawmakers irresponsible. >> it is difficult to believe, frankly, that congress would...
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Feb 21, 2013
02/13
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on the same day, the pentagon outlined plan toes furlough some 800,000 civilian workers to save money. these interviews are part of the white house strategy to blame potential job losses on the gop. >> instead of us cutting education, instead of us cutting the mental health programs, instead of us affecting military readiness and a whole range of other things that are important to our security and prosperity, we should be focused on programs that we know don't work, waste in government, and some of these tax loopholes that we could close that frankly benefit the well off and well connected. >> now, congress isn't in session this week. it isn't expected to reach a deal by the march 1st deadline to prevent the sequester. so, ideal, the physical mini cliff continues. >>> david einhorn is taking his case against apple directly to the company's shareholders. he's seeking an injunction to get rid of a system to issue pressed stock. einhorn will hold a conference call with investors today, an interesting move and one that's seeing apple shares outperform this morning. they are one of the rar
on the same day, the pentagon outlined plan toes furlough some 800,000 civilian workers to save money. these interviews are part of the white house strategy to blame potential job losses on the gop. >> instead of us cutting education, instead of us cutting the mental health programs, instead of us affecting military readiness and a whole range of other things that are important to our security and prosperity, we should be focused on programs that we know don't work, waste in government,...
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Feb 6, 2013
02/13
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MSNBC
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the pentagon will soon provide some benefits to military partners of don't ask don't tell. leon panetta hasn't finalized which would be provided. a formal announcement is expected in the next several days. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. side effects may include unpleasant taste, headache, dizziness, and morning drowsiness. ask your doctor if lunesta is right for you. then find out how to get lunesta for as low as fifteen dollars at lunesta.com. there's a land of restful sl
the pentagon will soon provide some benefits to military partners of don't ask don't tell. leon panetta hasn't finalized which would be provided. a formal announcement is expected in the next several days. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been...
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Feb 11, 2013
02/13
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. >>> and then the pentagon with a groundbreaking announcements on benefits for same-sex couples in the marriage, however it comes too late for one who dedicated their lives to this fight. we start in just a few minutes. n and last year, she wasn't eating so well. so i recommended boost complete nutritional drink to help her get the nutrition she was missing. and now she drinks it every day. well, it tastes great! [ male announcer ] boost has 26 essential vitamins and minerals, including calcium and vitamin d to support strong bones, and 10 grams of protein to help maintain muscle. and our great taste is guaranteed or your money back. learn more at boost.com [ dietitian ] now, nothing keeps mom from doing what she loves... being my mom.
. >>> and then the pentagon with a groundbreaking announcements on benefits for same-sex couples in the marriage, however it comes too late for one who dedicated their lives to this fight. we start in just a few minutes. n and last year, she wasn't eating so well. so i recommended boost complete nutritional drink to help her get the nutrition she was missing. and now she drinks it every day. well, it tastes great! [ male announcer ] boost has 26 essential vitamins and minerals,...
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Feb 15, 2013
02/13
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so i do sense difference and my wife works at the pentagon. there is concern about that. >> there's an interesting parallel, chris, that david just reminded me of, that the longer these get delayed, whether it's a sequester or nomination of chuck hagel, that's more time for people who are opposed to what's going on to get ads out there, to lobby. it just make it is more complicated, doesn't it? >> absolutely. and it makes it it more expensive, chris. if you go down the road, it's not just that they have to fix going forward. they have to then retroactively avoid the cuts that will take effect march 1st. it gets more expensive. when i talk to republican senators, they say mitch mcconnell is in no mood to be the closer again. there's no sense that they are going to bend on these demands for more cuts without more tax revenue and they are signaling that very clearly. of course, it's easy to signal that early on in the fight. but the republicans are working closely across the congress, from the house to the senate, to make sure that their message
so i do sense difference and my wife works at the pentagon. there is concern about that. >> there's an interesting parallel, chris, that david just reminded me of, that the longer these get delayed, whether it's a sequester or nomination of chuck hagel, that's more time for people who are opposed to what's going on to get ads out there, to lobby. it just make it is more complicated, doesn't it? >> absolutely. and it makes it it more expensive, chris. if you go down the road, it's...
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Feb 11, 2013
02/13
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. >>> and then the pentagon with a groundbreaking announcements on benefits for same-sex couples in the marriage, however it comes too late for one who dedicated their lives to this fight. we start in just a few minutes. n and last year, she wasn't eating so well. so i recommended boost complete nutritional drink to help her get the nutrition she was missing. and now she drinks it every day. well, it tastes great! [ male announcer ] boost has 26 essential vitamins and minerals, including calcium and vitamin d to support strong bones, and 10 grams of protein to help maintain muscle. and our great taste is guaranteed or your money back. learn more at boost.com [ dietitian ] now, nothing keeps mom from doing what she loves... being my mom. [ dietitian ] now, nothing keeps mom dad: you excited for youyeah.st day? ♪ dad: you'll be fine, ok? girl: ok. dad: you look so pretty. ♪ i'm overprotective. that's why i got a subaru. love. it's what makes a subaru, a subaru. >>> good morning, everybody. topping our i agenda, breaking news. pope benedict is abdicating, something a pope has not done
. >>> and then the pentagon with a groundbreaking announcements on benefits for same-sex couples in the marriage, however it comes too late for one who dedicated their lives to this fight. we start in just a few minutes. n and last year, she wasn't eating so well. so i recommended boost complete nutritional drink to help her get the nutrition she was missing. and now she drinks it every day. well, it tastes great! [ male announcer ] boost has 26 essential vitamins and minerals,...
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Feb 26, 2013
02/13
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i don't think taking the civilian workers when our country is still at war at the pentagon and putting them on four days a week work is still waste. let those who think they've identified waste and no doubt there are efficiencies that can be found put their proposals forward and let those proposals be weighed in the context of a balanced approach. the question isn't whether we should leave any category immune. the question is whether we should have a balanced approach. and to assume, before anyone has laid out any kind of vision of how that $85 billion a year could be cut, that it must be possible and that everything else has to be ruled out seems to me to be a extraordinarily irresponsible approach. of course there are instances of waste in the federal government. there are also instances of huge unmet needs of diseases where we could find cures that save tens of thousands of people's lives in the next several years. but we're cutting the budget instead and denying ourselves the chances to find those cures. of infrastructure investments where we're risking more bridges collapsing and
i don't think taking the civilian workers when our country is still at war at the pentagon and putting them on four days a week work is still waste. let those who think they've identified waste and no doubt there are efficiencies that can be found put their proposals forward and let those proposals be weighed in the context of a balanced approach. the question isn't whether we should leave any category immune. the question is whether we should have a balanced approach. and to assume, before...
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Feb 7, 2013
02/13
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ten years ago the pentagon had 50 drones. today it's 7,500. a third of the air force's fleet unmanned. u.s. military carried out 447 drone attacks in afghanistan in the first 11 months in 2012. 294 total in all of 2011. what's behind this drone explosion, if you will? >> well, i think that drones are sort of irresistible for a policymaker, for a president who is worried about protecting the country but also, you know, a president who in many ways was formed politically by the experiences in iraq and afghanistan, at least as far as his foreign policy views, who doesn't want to see dangerous, costly, bloody military entanglements in far away nations. drones are surgical. they're cheap. you can have a pretty high degree of accuracy. it is true that there have been numerous civilian casualties, but relative to any other technology we have short of sending in, you know, an assassin with a sniper rifle which in many cases just isn't practical, drones are the best way to sort of take the enemy off the battlefield. they don't cost a lot of money. ther
ten years ago the pentagon had 50 drones. today it's 7,500. a third of the air force's fleet unmanned. u.s. military carried out 447 drone attacks in afghanistan in the first 11 months in 2012. 294 total in all of 2011. what's behind this drone explosion, if you will? >> well, i think that drones are sort of irresistible for a policymaker, for a president who is worried about protecting the country but also, you know, a president who in many ways was formed politically by the experiences...
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Feb 22, 2013
02/13
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now, we do know $46 billion comes from the pentagon. "the baltimore sun" headlines read big pay cut contemplated for civilian defense workers. "the washington post", u.s. schools brace for federal funding cuts. the "new york times" meantime highlights federal spending cuts threaten delays in air travel. let me bring in loren fox politics reporter for "u.s. news and world report" and "usa today" washington bureau chief susan paige. good morning. >> good morning. >> good morning. >> the president clearly thinks he has the upper hand. your poll yesterday suggested he does but is he in danger of overplaying it? >> well, it's always possible. we'll see what -- how much people really feel the impact if the sequester cuts go into effect as we think they probably will next week. but what we found in the new "usa today"/pew research poll is that about half of americans say it is going to be the fault of congressional republicans if they can't reach a deal. just 31% said they'd blame the president. that's pretty good standing for the president go
now, we do know $46 billion comes from the pentagon. "the baltimore sun" headlines read big pay cut contemplated for civilian defense workers. "the washington post", u.s. schools brace for federal funding cuts. the "new york times" meantime highlights federal spending cuts threaten delays in air travel. let me bring in loren fox politics reporter for "u.s. news and world report" and "usa today" washington bureau chief susan paige. good morning....
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Feb 12, 2013
02/13
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CNNW
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want to bring in our pentagon correspondent, barbara starr. what have we learned from this? tell us what happened. >> reporter: well, you know, as you said, right now the intelligence community, the military, has to figure out what they know, what they suspect happened. think of this as csi north korea but not being able to go to the scene of the crime. what they're looking at is that seismic activity and trying to work their way backwards as to what happened. they believe now that this was, of course, an underground nuclear test, possibly several kilotons. but they need to get better analysis, they need to get air sampling, see what is now released into the atmosphere, and try and assess from all of that what happened. once they know that, the next set of questions, the next part of the investigation, how did north korea pull it off? where did they get help? did they get help? did they have the technology, the engineering expertise, fabrication to really do there is? and finally if they really did it, and it is a miniaturized test, as they claim, that's a huge concern that
want to bring in our pentagon correspondent, barbara starr. what have we learned from this? tell us what happened. >> reporter: well, you know, as you said, right now the intelligence community, the military, has to figure out what they know, what they suspect happened. think of this as csi north korea but not being able to go to the scene of the crime. what they're looking at is that seismic activity and trying to work their way backwards as to what happened. they believe now that this...